2022-11-13 17:19:21
FTX liquidation team consolidates customer funds in cold storage
According to observations by Eherscan, Solscan and Bscscan network observers, suspicious activity and unconventional large transactions related to FTX wallets were detected in the morning of November 12. Almost overnight millions of dollars were withdrawn from the exchange, and some users' balances went to zero.
Warnings appeared in social networks that hackers took advantage of the convenient moment and moved assets to their wallets. Since a number of key employees, including those responsible for network security, left the exchange team amid the bankruptcy, part of the cryptocommunity interpreted the event as a successful hacking attack on FTX.
In initial comments, FTX's general counsel, Ryne Miller, said the exchange "has launched an investigation into the anomaly involving the withdrawal of funds from FTX balances." A few hours later, in a follow-up address to the community, Miller said:
"Following the Chapter 11 bankruptcy filing, we have taken precautions to move all digital assets into cold storage. The process was expedited last night to mitigate potential damage from unauthorized transactions."
Cryptocurrency exchange FTX posted a screenshot on Twitter of its announcement that it is filing for bankruptcy - the company will begin the process of verifying and monetizing assets for the benefit of all concerned.
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